Adelson says the Uber Rich Shouldn't Influence Elections
February 21, 2012 | 4:15 PM
The headline-grabbing fact from a Forbes profile of Sheldon Adelson - the billionaire casino CEO who has given millions to help Newt Gingrich's presidential campaign - was Adelson's statement that he "might give $10 million or $100 million to Gingrich."
But Adelson also says he is "against very wealthy people attempting to or influencing elections."
So what gives? Just like the Super PAC that hates the idea of Super PACs that we told you about earlier, Adelson explains: "[A]s long as it's doable I'm going to do it. Because I know that guys like Soros have been doing it for years, if not decades. And they stay below the radar by creating a network of corporations to funnel their money. I have my own philosophy and I'm not ashamed of it. I gave the money because there is no other legal way to do it. I don't want to go through ten different corporations to hide my name. I'm proud of what I do and I'm not looking to escape recognition."
But Adelson also says he is "against very wealthy people attempting to or influencing elections."
So what gives? Just like the Super PAC that hates the idea of Super PACs that we told you about earlier, Adelson explains: "[A]s long as it's doable I'm going to do it. Because I know that guys like Soros have been doing it for years, if not decades. And they stay below the radar by creating a network of corporations to funnel their money. I have my own philosophy and I'm not ashamed of it. I gave the money because there is no other legal way to do it. I don't want to go through ten different corporations to hide my name. I'm proud of what I do and I'm not looking to escape recognition."
Want to be even more influential?
Get the most important posts sent right to your inbox.

Join the Discussion
The National Journal Group has the right (but not the obligation) to monitor the comments and to remove any materials it deems inappropriate.
Comments powered by Disqus